Keystone Positive Change Investment Trust (KPC) recently released its full year results for the financial year ending 30 September 2022. Over the 12-month period KPC reported a NAV total return of -35.2% and share price total return of -43.3%. This compares to the -3.7% generated by KPC comparative index, the MSCI All Country World Index. […]
Polar Capital Global Healthcare (PCGH) has released its annual results for its financial year ending 30 September 2022 and, over the 12-month period, PCGH returned a NAV total return of 5.59% and share price return of 10.11%. PCGH’s benchmark, the MSCI All Country World/ Healthcare Total Return Index, returned 6.93% over the same period. PCGH […]
Polar Capital Technology (PCT) has released its half year results for the six months ending 31 October 2022 and, over this period it has reported a NAV return of -9.1% and share price return of -7.2%, compared to the -8.9% of its benchmark, the Dow Joes World Technology Index. PCT’s discount was 9.6% as of […]
Home REIT says that it will strengthen its management team and bring in independent pre-purchase valuers as part of several changes to “maintain and enhance shareholder confidence” following a number of allegations in recent weeks. The company will also beef up its board with the appointment of a new non-executive director and hire the services […]
In QuotedData’s morning briefing 12 December 2022: SME Credit Realisation Fund (SCRF) has announced that it has completed its asset realisation strategy, initiated in 2019 following consultation with shareholders accounting for over two-thirds of the register, through the sale of all of its remaining UK and continental European (Germany and Netherlands) loans to a third-party […]
This week, we’ve had annual results Finsbury Growth and Income (FGT), which I thought presented an opportunity to have a look at how the trust is doing and reflect upon our previous observations of the manager’s style. For most readers, FGT needs little introduction. It is a household name in the investment trust space, having […]
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • VPC Speciality Lending • RTW Venture • Syncona This week’s interview was with Stuart Widdowson from Odyssean Investment Trust – watch it again here.
RTW Venture Fund has drawn investors’ attention to positive data updates on two clinical trials of Prometheus Biosciences, Inc. (NASDAQ: RXDX), its third largest holding, representing about 7.5% of NAV. Prometheus is a clinical-stage biotechnology company pioneering a precision medicine approach for the discovery, development, and commercialization of novel therapeutic and companion diagnostic products for […]
Rockwood Strategic’s (RKW)’s) portfolio company Crestchic, which accounted for 28.7% of RKW’s NAV as at 30 September 2022, has announced that it has agreed terms with Aggreko for a recommended cash offer to be made by Aggreko for the entire issued and to be issued ordinary share capital of Crestchic. Under the terms of the […]
International Public Partnerships (INPP) has agreed binding terms to acquire five infrastructure investments in New Zealand for around NZD 200m from Morrison & Co managed Public Infrastructure Partners. The Acquisition marks INPP’s first investment in New Zealand and will provide further diversification of INPP’s investment portfolio as well as a platform which should generate further […]
ThomasLloyd Energy Impact Trust (TLEP/TLEI) has announced a number of senior appointments at its investment manager, ThomasLloyd Global Asset Management (Americas) LLC (a wholly-owned subsidiary of ThomasLloyd Group Ltd). As yet unnamed chief investment officer (CIO) TLEP’s manager has recently agreed the appointment of a CIO. We do not know who this person is yet, […]
In QuotedData’s Morning briefing 9 December 2022: Syncona’s (SYNC’s) portfolio company Autolus Therapeutics Plc has announced the pricing of its underwritten public offering, in the US, of 75m American Depositary Shares (ADSs). These represent 75m ordinary shares and were issued at a price of US$2.00 per ADS, for total gross proceeds of approximately US$150m (£122.5m). […]
RTW was a co-lead in a $149m Series B financing round for Apogee Therapeutics, LLC, a biotechnology company focused on immunological and inflammatory disorders. RTW Venture participated in the fundraise but we have not been not told what its contribution was. Proceeds from the financing will be used to support Apogee’s plans to advance its […]
VH Global Sustainable Energy Opportunities has completed its purchase of the Mascarenhas Hydro Electric Facility in the state of Espírito Santo, Brazil. The final amount paid on completion was BRL 708m (the headline BRL 800m previously announced was subject to adjustments based on the latest balance sheet related to agreed cash and working capital levels). The […]
Finsbury Growth and Income lagged the return on its All-Share index benchmark over the 12 months ended 30 September 2022, returning -5.8% to the index’s -4.0%. The return to shareholders was -5.6%. This follows on from more significant underperformance in the prior accounting year. £76m worth of shares were bought back in an effort to […]
BlackRock Frontier Markets underperformed its benchmark over the 12 months ended 30 September 2022, returning -10.9% to the benchmark’s -7.3% (in US dollar terms – in sterling the figures were +7.7% versus +12.0%). The benchmark is a complex beast (MSCI Emerging Markets Index ex Selected Countries + MSCI Frontier Markets Index + MSCI Saudi Arabia […]
Barings Emerging EMEA Opportunities saw a -29.9% NAV total return for the 12 months ended 30 September 2022. Its performance benchmark return was -20.1%. The dividend was reduced by 9p to 17p. The company’s investments in Russia, now valued at zero, were responsible for the vast majority of the absolute decline in net asset value […]
Henderson European Focus more or less matched the fall in its World Europe ex UK index benchmark over the 12 months ended 30 September 2022, returning -13.1% to the index’s -12.8%. However, a widening discount left investors with a share price return of -18.3%. Fortunately, the closing share price at 6 December 2022 was 149p, […]
In QuotedData’s morning briefing 8 December 2022: Hipgnosis Songs (SONG) has published its interim accounts. Net cash generated from operating activities rose by 6.9% to $45.5m, but the interest paid rose to $15.0m from $10.7m and the fund incurred additional borrowing costs of $6.2m as it fixed the cost of its debt. A weaker US […]
Home REIT has come under more fire today, as law firm Harcus Parker launches a litigation claim alleging that shareholders were misled by information they were provided by the company and its associates. The collective action is seeking compensation for retail investors “in relation to significant losses on their investments”. Harcus Parker claims that while […]
Schroder AsiaPacific (SDP) has announced its annual results for the year ended 30 September 2022. During the period, SDP provided an NAV total return of -13.6%, marginally outperforming its benchmark, the MSCI All Country Asia ex Japan Index, which provided a total return of -13.9%, while the share price total return was -14.5%. SDP’s chairman, […]
In QuotedData’s morning briefing 7 December 2022: Jupiter Green (JGC) has published its interim results for the six months ended 30 September 2022. During the period, JGC provided an NAV total return of -9.5%, which compares with a total return of -7.5% for JGC’s company’s benchmark index, the MSCI World Small Cap Total Return Index. […]
The board of directors of Home REIT is facing a call to step down by activist investor Boatman Capital Research after it accused the company of being “over-optimistic in its assumptions” on the value of its portfolio. In an open letter to Home REIT senior independent director Simon Moore, Boatman Capital Research claims that the social […]
Schroder European REIT posted a NAV total return of 7.3% in the year to 30 September 2022, as shareholders reaped the rewards of exceptional asset management profits achieved from the repositioning of its office in Paris Boulogne-Billancourt. NAV was 140.8 cents per share (down from 149.2 cents) reflecting the payment of the special dividend (totalling […]
Schroder UK Mid Cap’s results for the 12 months ended 30 September 2022 reflect the headwinds facing the UK over that period. The NAV total return for the year was -30.0% compared to -26.8% from the benchmark (the FTSE 250 ex Investment Trusts Index). The share price total return over the same period was -32.5%. […]
Tritax EuroBox has posted a NAV total return of 5.9% for the year to 30 September 2022. The company, which invests in European logistics properties, saw its EPRA net tangible assest (NTA) increase 2.2% to €1.38, due to a 5.6% like-for-like uplift in the value of its portfolio, which is now worth €1,765.6m following acquisitions. […]
In QuotedData’s morning briefing 6 December 2022: Foresight Sustainable Forestry (FSF) has become the first company to officially receive the London Stock Exchange’s Voluntary Carbon Market designation which applies to funds or companies investing into climate change mitigation projects that are expected to yield voluntary carbon credits. Carbon credits mature over time, turning from Pending […]
Aberdeen New India Investment Trust (ANII) has released its half year results for the six-month period ending 30 September 2022. Over the reported six month, ANII reported a NAV total return of 5.9%, and share price total return of 2.8%. This compared to the 8.9% return of its benchmark, the MSCI India Index. The main […]
Momentum Multi Asset Value Trust (MAVT) has released its half year report for the six-month period ending 31 October 2022. Over this period MAVT returned a NAV total return of -16.7% and share price toral return -16.3%, compared to the +8.8% of its benchmark, which is UK CPI plus 6% over annum. The board measures […]
CT UK High Income Trust (CHI) has recently released its half year report, for the six-month period ending 30 September 2022. We remind readers that CHI operates with two share classes, ordinary and B. Over the period CHI generated a NAV total return of -11.8%, compared to the -8.3% return of its benchmark, the FTSE […]
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